Daily Archives: May 4, 2011

Portugal agrees the terms

Posted on May 4, 2011 by GCI Financial

FX risk appetite declined a little further during the Asia session as silver weakened again. News that Portugal had agreed the terms of a financial aid package with the EU/IMF/ECB did little to shore up sentiment. EURUSD traded in a range of 1.4755-1.4861, and USDJPY 80.82-81.11. Continue reading →

Posted in Market Snapshot | Leave a comment

EUR/USD: Trading lower this morning, Market awaiting ECB to meet on Thursday

Posted on May 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose a marginal 0.03% against the USD and closed at 1.4825., ahead of Thursday’s monetary-policy decision from the European Central Bank. In the Euro zone, the producer price index, on monthly basis, … Continue reading →

Posted in EUR/USD | Leave a comment

GBP/USD: Pound continues its downward trend on poor UK manufacturing data

Posted on May 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 1.01% against the USD and closed at 1.6485, as manufacturing activity in the UK expanded at a slower pace in April. In the UK, the manufacturing purchasing manager index declined to … Continue reading →

Posted in GBP/USD | Leave a comment

USD/JPY: Yen continues to surge

Posted on May 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.23% against the JPY and closed at 81.02, amid the concerns that the killing of Laden may lead to revenge attacks. In the US, new orders for the manufactured goods, on … Continue reading →

Posted in USD/JPY | Leave a comment

USD/CHF: Moving in line with market trends

Posted on May 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.38% against the CHF and closed at 0.8617. In the Asian session, at 3:00GMT, the pair is trading at 0.8639, 0.26% higher from the New York session close. The pair has … Continue reading →

Posted in USD/CHF | Leave a comment

USD/CAD: Canadian dollar continues to trade lower this morning

Posted on May 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.14% against the CAD to close at 0.9526. In the Asian session at 3:00GMT, the pair is trading at 0.9542, 0.17% higher from the New York session close. The first area … Continue reading →

Posted in USD/CAD | Leave a comment

AUD/USD: Weak commodity prices pressurize the AUD

Posted on May 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.90% against the USD to close at 1.0848. In the US, the Federal Reserve Bank of Kansas City President, Thomas Hoenig stated that the central bank should start increasing interest rates, … Continue reading →

Posted in AUD/USD | Leave a comment

Gold: Continues to trade lower

Posted on May 4, 2011 by GCI Financial

Gold prices traded lower by 0.13% against the USD in the 24 hour period ending 23:00GMT, at 1,535.95 per ounce, amid a sharp fall in silver prices. In the Asian session at 3:00GMT, gold is trading at USD 1,532.08 per … Continue reading →

Posted in Gold | Leave a comment

Silver: Stabilising this morning after a sharp fall

Posted on May 4, 2011 by GCI Financial

Silver prices declined 7.61% to USD 41.13 per ounce during the 24 hours ending 23:00GMT, after the US metals exchange raised margins for the third time in a week. In the Asian session at 3:00GMT, silver is trading at USD … Continue reading →

Posted in Silver | Leave a comment

Crude Oil: Trading lower after a rise in oil inventories

Posted on May 4, 2011 by GCI Financial

Oil prices declined 2.11% against the USD for the 24 hour period ending 23:00GMT, closing at 110.63, on rise in crude oil inventories and investor’s focus on plunge in silver prices. In the US, the American Petroleum Institute reported that … Continue reading →

Posted in Crude Oil | Leave a comment